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Chinese Cigarettes to Go Global


China is hoping a partnership with Philip Morris can make it a global player in the tobacco business. After more than three years of negotiations, the Chinese government has selected three domestic cigarette brands, of the hundreds sold, to market abroad in partnership with Philip Morris International, according to PMI and the Chinese companies involved. ...

Philip Morris Readies


LAUSANNE, Switzerland -- Sitting in his office overlooking Lake Geneva, Philip Morris International Chief Executive André Calantzopoulos takes a long drag from an unusually short cigarette. Called Marlboro Intense, the product has been shrunk down by about a half inch, and offers smokers seven potent puffs apiece, versus the average of eight or so milder draws. ...

R.J. Reynolds Tobacco Company Awards EDS Information Technology Services Contract


PLANO, Texas, Jan. 22 /PRNewswire-FirstCall/ -- EDS and R.J. Reynolds Tobacco Company have signed a new services contract under which EDS will manage the company's information technology (IT) infrastructure environment. The contract was signed in the fourth quarter of 2007 and financial terms of the agreement are not being disclosed.Beginning in August 2008, ED...

Nigerian Judge Delays Tobacco Suit


ABUJA, Nigeria (AP) -- A judge, acting in the first hearing on Nigeria's claim for damages of about $40 billion from three international tobacco companies, delayed the proceedings until mid-March. The Nigerian government has filed a lawsuit against British American Tobacco PLC, Altria Group Inc.'s Philip Morris unit and International Tobacco Ltd., saying they...

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Valuation High


Valuation High on RAI An update has just come out today on Reynolds American, Inc. in which senior tobacco industry analyst Steven Ralston, CFA is restating his Holdrating on the company mostly due to external factors. We excerpted the following details: \'Reynolds American, Inc. was formed by the merger of R.J. Reynolds (RJR) and the U.S. operations of Br...

Philip Morris Gets $1.2


Philip Morris Gets $1.2B in Escrow Funds Monday December 3, Altria's Philip Morris USA Receives $1.2 Billion in Escrow Funds NEW YORK (AP) -- Philip Morris USA confirmed receipt of $1.2 billion in escrow funds Monday. The New York-based tobacco company, a unit of Altria Group Inc., said the funds had been held under a bond stipulation in the R.J. Reynold...

Star Scientific Files Second Quarter Financial Report, Details Concentrated Focus on Dissolvable Tobacco Products


PETERSBURG, Va.--(BUSINESS WIRE)--Star Scientific, filed its second- quarter financial report on Form 10-Q today with the Securities and Exchange Commission. The company reported a $4.0 million loss from continuing operations for the quarter ended June 30, compared with a $2.9 million loss from continuing operations for the same period in 2006. The net loss inc...

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What Smoking People Read
Today's guest: James Nolan, CEO of Sara Lee Fresh Bakery and an executive vice president of Sara Lee Corp. (SLE) who like smoking cigarettes What he's reading now: Great People Decisions: Why They Matter So Much...

Philip Morris USA Files Lawsuits to Stop Importation of Counterfeit Cigarettes
RICHMOND, Va.--(BUSINESS WIRE)--Philip Morris USA filed, cheap cigarettes a lawsuit in federal court yesterday in the Central District of California against Nice Pak Products, Inc. of Orangeburg, N.Y. The lawsuit...

Something new about cigarettes
L&M Created by the company Liggett & Myers, L&M is a brand of cigarettes produced by Philip Morris Companies Inc., now known as Altria Group. They aren't very common in the continental US, but are sold almost ev...

Marlboro is a brand of cigarete made by Altria
Marlboro is famous for its billboard advertisements and magazine ads of the Marlboro Man. In 2001 it was the most popular cigarette brand in the U.S. Philip Morris, a London-based cigarette manufacturer, crea...

Justices Offer Preview In Drug-Suit Case
WASHINGTON -- Next fall, the Supreme Court will take up cigarettes the controversial issue of whether lawsuits relating to pharmaceuticals are foreclosed by federal regulations. Yesterday, the justices offered a ...